672 Shares in Axon Enterprise, Inc. (NASDAQ:AXON) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 672 shares of the biotechnology company's stock, valued at approximately $399,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AXON. Public Sector Pension Investment Board increased its stake in Axon Enterprise by 19.2% in the third quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company's stock valued at $1,240,000 after acquiring an additional 500 shares during the period. Friedenthal Financial raised its holdings in shares of Axon Enterprise by 961.7% in the 4th quarter. Friedenthal Financial now owns 1,359 shares of the biotechnology company's stock worth $808,000 after buying an additional 1,231 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Axon Enterprise by 33.1% during the 3rd quarter. Principal Financial Group Inc. now owns 136,302 shares of the biotechnology company's stock worth $54,466,000 after buying an additional 33,869 shares during the period. XTX Topco Ltd grew its position in Axon Enterprise by 20.6% in the third quarter. XTX Topco Ltd now owns 5,650 shares of the biotechnology company's stock valued at $2,258,000 after acquiring an additional 964 shares during the period. Finally, Artemis Investment Management LLP raised its stake in Axon Enterprise by 21.4% during the fourth quarter. Artemis Investment Management LLP now owns 95,113 shares of the biotechnology company's stock worth $56,528,000 after acquiring an additional 16,792 shares in the last quarter. Institutional investors own 79.08% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several brokerages recently issued reports on AXON. TD Cowen assumed coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They set a "buy" rating and a $700.00 price target for the company. JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Craig Hallum lowered Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. Northcoast Research cut shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. Finally, Barclays reiterated a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $604.67.

Axon Enterprise Trading Down 7.9 %

Axon Enterprise stock traded down $42.44 during mid-day trading on Friday, hitting $497.25. 470,217 shares of the company's stock were exchanged, compared to its average volume of 804,535. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $38.10 billion, a P/E ratio of 128.49, a PEG ratio of 5.17 and a beta of 1.13. The company's 50 day simple moving average is $584.52 and its 200-day simple moving average is $552.70.

Insider Transactions at Axon Enterprise

In other news, Director Jeri Williams sold 307 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $552.72, for a total value of $169,685.04. Following the completion of the transaction, the director now owns 1,627 shares in the company, valued at $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is currently owned by insiders.

Axon Enterprise Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.